KUALA LUMPUR (May 20): theedgemalaysia.com
The stock with positive momentum was:
- Cahya Mata Sarawak Bhd (KL:CMSB) — up eight sen or 6.96% to RM1.23
The stocks with negative momentum were:
- Willowglen MSC Bhd (KL:WILLOW) — up two sen or 5.13% to 41 sen
- Oceancash Pacific Bhd (KL:OCNCASH) — up 1.5 sen or 4.11% to 38 sen
- Excel Force MSC Bhd (KL:EFORCE) — up 1.5 sen or 3.85% to 40.5 sen
- Manulife Holdings Bhd (KL:MANULFE) — up five sen or 2% to RM2.55
- Malaysia Building Society Bhd or MBSB (KL:MBSB) — up five sen or 5.62% to 94 sen
- Malayan Flour Mills Bhd or MFM (KL:MFLOUR) — up 3.5 sen or 4.58% to 80 sen
- Panasonic Manufacturing Malaysia Bhd (KL:PANAMY) — up 14 sen or 0.72% to RM19.62
- ELK-Desa Resources Bhd (KL:ELKDESA) — up two sen or 1.54% at RM1.32
- Puncak Niaga Holdings Bhd (KL:PUNCAK) — up one sen or 2.74% to 37.5 sen
- BIG Industries Bhd (KL:BIG) — up one sen or 1.39% to 73 sen
- Astral Asia Bhd (KL:AASIA) — down half a sen or 4% to 12 sen
- Niche Capital Emas Holdings Bhd (KL:NICE) — up one sen or 6.9% to 15.5 sen
- Hextar Retail Bhd (KL:HEXRTL) — up four sen or 7.27% to 59 sen
- Arka Bhd (KL:ARKA) — up 33 sen or 16.34% to RM2.35
- AHB Holdings Bhd (KL:AHB) — up one sen 6.25% to 17 sen
- Dataprep Holdings Bhd (KL:DATAPRP) — up 1.5 sen or 9.68% to 17 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher-than-normal volume and price movements.
The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com